News & Updates

News Update

27

Aug 2024

Aug 27, 2024 • 5 min read

PSO Continues to Dominate Energy Market, Reports Rs. 15.9 Billion Profit in FY24

Pakistan State Oil (PSO), the nation’s largest energy company, showcased impressive financial performance and strategic...

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News Update

27

Aug 2024

Aug 27, 2024 • 5 min read

FBR Likely to Exempt Retailers From Sales Tax With Annual Turnover Less Than Rs. 100 Million

Federal Board of Revenue (FBR) will exempt retailers/shopkeepers from tax audits and scrap sales tax on traders with an...

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News Update

27

Aug 2024

Aug 27, 2024 • 5 min read

IBA Karachi, Bank Alfalah and Stanford Life Design Lab collaborate to foster Design Thinking in Pakistan

Institute of Business Administration (IBA), Karachi, and Bank Alfalah partnered to introduce the Design Thinking Program...

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News Update

27

Aug 2024

Aug 27, 2024 • 5 min read

Saudi Arabia Offers to Buy 15% Stake in Reko Diq

Saudi Arabia has offered to buy 15 percent stake in Pakistan’s Reko Diq mining project, alongside a substantial grant fo...

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News Update

27

Aug 2024

Aug 27, 2024 • 5 min read

Fauji Cement Posts Highest Ever Profit of Rs. 8.2 Billion in FY24

Fauji Cement Company Limited (PSX: FCCL) has announced its financial results for the year ended on June 30, 2024, postin...

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News Update

27

Aug 2024

Aug 27, 2024 • 5 min read

Pakistan Received Foreign Loans of $436 Million in July 2024

Pakistan borrowed $436.39 million from multiple financing sources during the first month (July) of the current fiscal ye...

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News Update

27

Aug 2024

Aug 27, 2024 • 5 min read

CCP Approves Acquisition of 8.33% Shareholding in NITL

The Competition Commission of Pakistan (CCP) has approved the acquisition of 8.33 percent shareholding in National Inves...

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News Update

27

Aug 2024

Aug 27, 2024 • 5 min read

Cotton Production Plummets Nationwide

Severe temperatures have wreaked havoc on early-sown cotton crops in Punjab, hurting overall production. According to a...

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News Update

27

Aug 2024

Aug 27, 2024 • 5 min read

Standard Chartered Pakistan Posts Record Profit in H1 2024

Standard Chartered Bank (Pakistan) Limited, announced its H1 2024 Results today. The Bank’s Profit before tax grew 29 pe...

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News Update

27

Aug 2024

Aug 27, 2024 • 5 min read

Rupee Gains More Ground 3rd Day in a Row Against US Dollar

The Pakistani rupee (PKR) rose third day in a row against the US Dollar today after opening trade at 278 in the interban...

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News Update

27

Aug 2024

Aug 27, 2024 • 5 min read

Two Pakistani Startups Make it to Forbes Asia ‘100 To Watch’ List

Pakistani startups DealCart and NayaPay have made it to Forbes Asia 100 To Watch List, which spotlights small companies...

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News Update

27

Aug 2024

Aug 27, 2024 • 5 min read

2 Strategic Investors to Offload 6.1% Stake in Power Cement Ltd

Power Cement Limited (PSX: POWER) has received a letter from its strategic investors for the sale of 6.1 percent shareho...

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News Update

26

Aug 2024

Aug 26, 2024 • 5 min read

DISCOs Seek Power Tariff Hike for Recovery of Rs. 47 Billion in Electricity Bills

Power distribution companies (DISCOs) have requested the National Electric Power Regulatory Authority (NEPRA) to increas...

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News Update

26

Aug 2024

Aug 26, 2024 • 5 min read

HUBCO Subsidiary Enters Joint Venture With Ark Metals For Mining Projects in Pakistan

Hub Power Holdings Limited (HPHL), a wholly-owned subsidiary of The Hub Power Company Limited (PSX: HUBC), has entered i...

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News Update

26

Aug 2024

Aug 26, 2024 • 5 min read

Shell Pakistan Announces Financial Results for H1 2024

The Board of Directors of Shell Pakistan Limited (SPL) announced half year results for the company. The company posted a...

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News Update

26

Aug 2024

Aug 26, 2024 • 5 min read

HBL Shuts Down Its Operations in Oman

Habib Bank Limited shut down its banking operations in the Sultanate of Oman, according to a Middle Eastern newspaper. A...

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News Update

26

Aug 2024

Aug 26, 2024 • 5 min read

ATM Card Blocked? Beware of This SMS Scam Making Rounds Again

There is a common SMS scam that has surfaced yet again. This text message warns you that the State Bank has blocked your...

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News Update

26

Aug 2024

Aug 26, 2024 • 5 min read

PICT Signs Agreement with Sky Media to Provide Technical Services

Pakistan International Container Terminal Limited (PSX: PICT) has signed an agreement with Sky Media (Pvt) Limited in or...

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News Update

26

Aug 2024

Aug 26, 2024 • 5 min read

Rupee Up 2nd Day in a Row Against US Dollar, Crashes Against GBP, AUD, Euro

The Pakistani rupee (PKR) rose second day in a row against the US Dollar today after opening trade at 278 in the interba...

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News Update

26

Aug 2024

Aug 26, 2024 • 5 min read

Hub Power Company Posts Rs. 75 Billion Profit for FY24

The Hub Power Company Limited (HUBC) announced its FY24 financial result today where the company posted consolidated ear...

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News Update

26

Aug 2024

Aug 26, 2024 • 5 min read

FBR Begs Traders to Discuss Their Demands Before Launching Protest Against Tajir Dost Scheme

Traders will present their new demands before the Federal Board of Revenue (FBR) on August 27 including withdrawal of fi...

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